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US Economy Argentina Lagarde

ID

513076

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Washington, DC – Recent1. B-ROLL: Exterior IMF

Washington, DC --- 11 October 20172. Midshot newsconference3. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “We believe that in the next few years the US economy will be entering its longest expansion in recorded history. The tax cuts and jobs act and the approved increase in spending are providing a significant boost in the economy. We forecast growth at close to three percent this year but declining from this level over the medium-term. In my discussions with Secretary Mnuchin he was clear – and we agree on the very short term – but he was clear that he regards our medium-term outlook as too pessimistic. And frankly, I hope he is right, and that we are wrong. Because that would be good news for the US, and it would be good news for the global economy as well."4. Reporters cutaway5. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “Unilateral trade actions can be disruptive and may prove counter-productive to the global economy and trading system. As I have said before, in a so-called trade war driven by reciprocal increases in import tariffs gives no winner and we find generally losers on both sides."6. Reporters cutaway7. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “Our outlook unfortunately is for growing US deficits and debt and certainly the solutions to those fiscal problems are politically difficult and will require a broad social consensus. But reducing the government debt has the potential to create space to finance priorities that have broad and legislative support such as upgrading the US infrastructure for instance."8. Reporters cutaway9. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “Concerning Argentina I can assure you that we are very satisfied with the terms and conditions that have been agreed and settled between the staff of the IMF and the Argentine authorities. We have been in very close contact, we have worked together with great intensity and a very good spirit to support their efforts."

SHOTLIST

Washington, DC – Recent1. B-ROLL: Exterior IMF

Washington, DC --- 11 October 20172. Midshot newsconference3. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “We believe that in the next few years the US economy will be entering its longest expansion in recorded history. The tax cuts and jobs act and the approved increase in spending are providing a significant boost in the economy. We forecast growth at close to three percent this year but declining from this level over the medium-term. In my discussions with Secretary Mnuchin he was clear – and we agree on the very short term – but he was clear that he regards our medium-term outlook as too pessimistic. And frankly, I hope he is right, and that we are wrong. Because that would be good news for the US, and it would be good news for the global economy as well."4. Reporters cutaway5. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “Unilateral trade actions can be disruptive and may prove counter-productive to the global economy and trading system. As I have said before, in a so-called trade war driven by reciprocal increases in import tariffs gives no winner and we find generally losers on both sides."6. Reporters cutaway7. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “Our outlook unfortunately is for growing US deficits and debt and certainly the solutions to those fiscal problems are politically difficult and will require a broad social consensus. But reducing the government debt has the potential to create space to finance priorities that have broad and legislative support such as upgrading the US infrastructure for instance."8. Reporters cutaway9. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director: “Concerning Argentina I can assure you that we are very satisfied with the terms and conditions that have been agreed and settled between the staff of the IMF and the Argentine authorities. We have been in very close contact, we have worked together with great intensity and a very good spirit to support their efforts."